Some major insurers, most notably Anthem Blue Cross/Blue Shield, announced they remain committed to the exchanges but need help from the Obama administration to remain financially viable.
That’s because Ocare was just a conduit for Medicaid.
Yet another step on the road to single payer....
UnitedHealth lawyers wrote Obamacare hoping to boost membership in SEIU nationwide.
SEIU began as “Janitors for Justice” in California.
“Earlier this year, UnitedHealth announced it was leaving most of the 34 states where it offers Obamacare plans, citing financial problems that include a lack of profitability in the exchanges.”
That’s an understatement!!!
Salaries of healthcare CEOs outpace even health care costs.
Nobody is worth this much. Nobody. It not as if he started the company with his own sweat.
$109 million plus 99 million in stock options!!!! This was in 2009. More recently Blue Cross parent company CEO made $12 million plus. State wide CEOS of Blue Cross and Blue Shield do not do as well but they are doing fine $600,000 plus.
The death spiral has started. (Actually, it started some time ago.) nobamacare was supposed to lead to single payer. Medicare for the entire nation. But it has failed. I doubt nobama has enough time left to see his dream to conclusion.
Even if he does, this fascist law will not stand.
The CEO’s of Big Insurance and Big Pharma and Big Hospital Chains certainly were stupid for supporting this disaster initiated by Obama, an imbecile who had never worked in a real job in his life. He was an affirmative action government leech, living off the tax payers of IL and the US, and he thought he could run the healthcare of the nation. Talk about an egomaniac! And these business leaders were too PC to say “No” to the totally unworkable maze of government regulations and the tens of thousands of computer codes that were supposed to run Obamacare! They should all be fired by their stockholders for gross incompetence.